CDIB Taiwan, Lippo tie up

JAKARTA (JP): Lippo and CDIB Taiwan signed a strategic alliance agreement in Taipei on Wednesday covering a wide range of technology, cyber Internet and e-commerce sectors in Indonesia.

Under the terms of the agreement the two business groups will work together in development and investment areas over the next 10 years.

"This will involve CDIB Taiwan and its group and related companies investing in Lippo's technology-based ideas and concepts, as well as the joint development of new businesses and investments in other Indonesian cyber-businesses," Lippo said in a statement.

CDIB Taiwan will be represented by its technology investment group, which has a broad portfolio and experience in the high technology sector in the Far East, the United States and Southeast Asia, Lippo said. (hen)